Understanding post-brexit supply chain

This report explores the implications for supply chains and potential risk mitigation measures of ther UK exit from the European Union.

Next year, on 29 March the United Kingdom is scheduled to formally leave the European Union. Both the EU and the UK have agreed in principle on a 21-month transition period which would allow the UK to remain in both the EU’s single market and the customs union until December 31, 2020.

However, a final agreement on the terms and conditions of the UK’s withdrawal from the EU, including the transition period, will need to be ratified before March 2019, otherwise trade would begin to be governed by World Trade Organization rules, where tariffs and customs checks apply.